CrowdStrike (NASDAQ:CRWD) Shares Down 0.4% – Should You Sell?

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares dropped 0.4% on Monday . The company traded as low as $442.87 and last traded at $451.74. Approximately 2,842,359 shares traded hands during trading, a decline of 11% from the average daily volume of 3,201,230 shares. The stock had previously closed at $453.77.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Barclays raised their target price on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Baird R W lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Truist Financial increased their price target on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Mizuho lifted their price objective on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

CrowdStrike Stock Performance

The company’s 50 day simple moving average is $376.70 and its 200 day simple moving average is $323.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market cap of $111.27 billion, a PE ratio of 885.78, a price-to-earnings-growth ratio of 17.22 and a beta of 1.16.

Insider Activity at CrowdStrike

In related news, Director Gerhard Watzinger sold 30,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value of $667,810.98. Following the transaction, the chief accounting officer now directly owns 41,059 shares of the company’s stock, valued at $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,565 shares of company stock worth $49,235,849 over the last 90 days. 4.34% of the stock is owned by company insiders.

Hedge Funds Weigh In On CrowdStrike

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after acquiring an additional 342,294 shares in the last quarter. State Street Corp raised its position in shares of CrowdStrike by 2.9% in the 3rd quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. Jennison Associates LLC boosted its stake in CrowdStrike by 6.9% in the 4th quarter. Jennison Associates LLC now owns 5,420,980 shares of the company’s stock worth $1,854,843,000 after purchasing an additional 352,180 shares in the last quarter. Geode Capital Management LLC grew its position in CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Finally, Norges Bank bought a new stake in CrowdStrike during the 4th quarter valued at about $1,111,542,000. Institutional investors own 71.16% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.